Leadership & Strategic Direction

Decades of international business development and relationship management.

The leadership team of Tiger Trading Group brings decades of experience in international business development, energy markets, commercial negotiations, transaction coordination and strategic relationship management. Rather than functioning solely as a commodity seller or intermediary, TTGI focuses on creating commercial opportunities that align the interests of producers, refiners, distributors, investors and qualified buyers through strategic partnerships and revenue participation structures.

35+

Years International Experience

50+

Countries of Operation

Continents Active

1991

Year Established

"Successful commodity transactions are not built solely on products or pricing. They are built on trusted relationships, aligned interests, disciplined execution, and a commitment to creating long-term value for all stakeholders."

— Dr. Cyrus Ali Shahrack · Founder & President

Executive Leadership

The principals guiding TTGI worldwide.

35+ Years International Commercial Relationship Development

Founder, President & CEO

Dr. Cyrus Ali Shahrack

Strategic Relationships · Transaction Development · Revenue Participation

For more than 35 years, Dr. Shahrack has cultivated strategic commercial relationships throughout the international energy sector, supporting the development and execution of transactions involving crude oil, refined products, aviation fuels, LNG, LPG, petrochemicals and related commodities.

He founded Tiger Trading Group in London in 1991 and expanded its global operations through TTGI in 1997, building long-standing institutional relationships across Europe, the Middle East, Asia and North America — including with refineries and counterparties such as Aramco, Sohar Power, OQ and Sinopec.

As Founder and President, Dr. Shahrack leads the firm's strategic direction, the cultivation of long-term commercial relationships, and the design of joint venture and revenue participation structures that align the interests of producers, refiners, distributors, investors and qualified buyers worldwide.

Executive Team

Functional leadership across commerce, operations, finance and governance.

TTGI's executive team brings together specialists in commercial origination, operations, trade finance, compliance and transaction oversight — supporting institutional counterparties from mandate to delivery.

Chief Strategy Officer

Mr. Alexander Reinhardt

Executive Leadership

Corporate Strategy · Institutional Relationships · Global Expansion

Mr. Reinhardt oversees enterprise direction, senior commercial strategy and the cultivation of long-term institutional relationships that support TTGI's international growth agenda.

Chief Commercial Officer

Mr. Adrian Vale

Commercial Leadership

Commodity Origination · Counterparty Development · Transaction Structuring

Mr. Vale leads commercial origination across priority markets, aligning suppliers, qualified buyers and financing stakeholders in support of structured commodity opportunities.

Chief Operating Officer

Mr. Marcus Whitfield

Operations Leadership

Execution · Contract Administration · Delivery Coordination

Mr. Whitfield manages day-to-day operating discipline, cross-border execution workflows and coordination between commercial, logistics and documentation teams.

Director of Trade Finance & Structured Capital

Mr. Henrik Lindqvist

Finance Leadership

Banking · LCs / SBLCs · Structured Commodity Finance

Mr. Lindqvist supports banking relationships, structured finance coordination and capital solutions designed to facilitate secure and efficient cross-border commodity transactions.

Director of Compliance & Governance

Ms. Ji-Yeon Park

Compliance Leadership

AML / KYC · Risk Management · Regulatory Coordination

Ms. Park directs compliance review, governance controls and counterparty diligence procedures to help ensure that every engagement meets internal standards and jurisdictional expectations.

Director of Transaction Oversight

Mr. Rafael Castellanos

Transaction Leadership

Inspection · Banking Milestones · Delivery Verification

Mr. Castellanos manages end-to-end transaction oversight, including milestone tracking, documentary coordination, discharge verification and post-transaction reconciliation.

Chief Information Security Officer (CISO)

Mr. Iftikhor Navruzov

Information Security Leadership

Cybersecurity · Information Assurance · Secure Communications

Mr. Navruzov oversees cybersecurity operations, information assurance and secure communications protocols that protect sensitive commercial, banking and counterparty information across TTGI's network.

Strategic Advisory Board

Senior advisors deepening TTGI's institutional reach.

Our advisory board brings senior experience from refining, shipping, international banking and government — sharpening the firm's commercial judgment and counterparty access.

Senior Advisor — Energy Markets

Mr. Jonathan Pierce

A senior figure in international energy markets with more than two decades of institutional experience, Mr. Pierce brings deep expertise in market structure, pricing dynamics and counterparty intelligence across the Atlantic and Asian basins. He has led refinery engagement and off-take strategy for major trading groups, and now advises TTGI on supply-chain optimization, blending economics and the commercial frameworks that position the firm as a long-term strategic partner to producers, refiners and qualified resellers worldwide. He works closely with TTGI's commercial leadership to ensure that every market entry is backed by rigorous intelligence and aligned with the firm's institutional standards.

Senior Advisor — Refining & Physical Trading

Mr. Jerod Stephens

Former refinery executive and physical trader with deep expertise in crude and refined product flows across the Atlantic and Asian basins. Mr. Stephens has led off-take negotiations and physical desk operations for major refining groups, and now advises TTGI on supplier qualification, blending economics and the structured commercial frameworks that make the firm a trusted strategic partner for refineries and institutional resellers. He works in close coordination with TTGI's Strategic Positioning function to ensure that today's hydrocarbon revenues are channeled toward tomorrow's energy architecture — aligning refinery off-take, product slates and term contracts with the firm's longer-horizon transition strategy.

Senior Advisor — Shipping & Terminals

Mr. Lars Brouwer

A former shipping and terminal executive with more than two decades of marine logistics experience, Mr. Brouwer specializes in chartering strategy, demurrage management, storage optimization and FOB / CIF / DAP execution across major energy ports including Rotterdam, Fujairah, Houston and Singapore. He has led vessel operations and terminal coordination for international trading houses, and now advises TTGI on vessel nominations, berth scheduling and the operational discipline that allows refineries and resellers to rely on the firm for predictable, fully managed delivery performance. He works closely with TTGI's commercial teams to align shipping schedules with counterparty delivery windows, ensuring that every cargo movement reinforces the firm's reputation for disciplined, end-to-end execution.

Senior Advisor — Economics & Risk

Mr. Stephen Golden

Mr. Golden comes from the world of economics, risk mitigation and physical trading. A former commodities trader and logistics expert, he advises TTGI on price risk frameworks, hedging strategy and logistics structuring that protect counterparties across volatile market cycles. Working closely with Ms. Rao's forward-looking mandate, he anchors TTGI's Strategic Positioning function on the economics side — pressure-testing capital allocation and risk-adjusted entry points as the firm evaluates intelligent deployment of hydrocarbon earnings into frontier energy categories, including space-based power and the emerging dark-energy infrastructure layer. His discipline ensures every bridge into tomorrow's energy architecture is underwritten with the same rigor TTGI applies to physical trade.

Senior Advisor — Strategic Positioning & Future Energy

Ms. Anjali Rao

A Silicon Valley operator and strategist with two decades at the intersection of energy, deep technology and venture capital, Ms. Rao advises TTGI on long-horizon positioning across clean energy, advanced fuels, grid-scale storage and the emerging frontier of space-based and dark-energy infrastructure. Having held senior roles with Bay Area venture funds and climate-tech ventures spanning Palo Alto, Menlo Park and San Francisco, she helps the firm map where hydrocarbon revenues today can seed strategic equity positions in tomorrow's energy systems — ensuring that refineries, sovereign producers and institutional resellers who partner with TTGI gain a credible bridge into the next generation of energy economics and frontier technology deployment.

Senior Advisor — International Banking & Humanitarian Finance

Ms. Mei-Lin Cheung

A senior international banker with more than two decades of trade finance experience across Singapore, Tokyo and Hong Kong, Ms. Cheung specializes in letters of credit, SBLCs, escrow structures and structured commodity finance for institutional counterparties. Beyond her banking work, she leads TTGI's humanitarian finance agenda — directing structures that channel a portion of transaction economics toward energy access, crisis-response fuel logistics and development programs in underserved markets across Southeast Asia, South Asia and Sub-Saharan Africa. Her dual mandate strengthens the firm's ability to serve as a fully bankable, socially responsible strategic partner to refineries, sovereign buyers and qualified resellers across the Asia-Pacific corridor and beyond.

Areas of Expertise

Disciplined coverage across the commodities we know best.

Crude Oil

Refined Products (EN 590, D2, D6)

LNG

LPG

Jet Fuel (Jet A-1 / JP54)

Petrochemicals & Bitumen

Agricultural Commodities

Structured Trade Transactions

Global Reach

Active commercial corridors across four continents.

London

United Kingdom

Rotterdam

Netherlands

Istanbul

Türkiye

Jurong

Singapore

Hong Kong

SAR

Houston

USA

Santos

Brazil

Laem Chabang

Thailand

Markets & Commercial Relationships

Categories of institutional counterparties we serve.

National Oil Companies

Strategic offtake and supply relationships with state-owned producers.

Refineries

Term and spot supply across European, Middle Eastern and Asian refineries.

Utilities & Power

Fuel oil and gas supply to institutional power and industrial consumers.

Energy Traders

Counterparty coordination across global physical trading desks.

Industrial End Users

Verified end-user supply contracts under FOB, CIF and DAP terms.

Financial Institutions

Banking partners across trade finance, escrow and structured capital.

Governance & Risk Oversight

Institutional discipline across every transaction.

Tiger Trading Group is committed to commercial integrity, counterparty due diligence, transaction transparency, risk management and the cultivation of long-term strategic relationships.

Governance Principles

▸Integrity
▸Transparency
▸Accountability
▸Compliance
▸Long-Term Partnerships

Risk Management

▸Counterparty Due Diligence
▸AML / KYC Standards
▸Commercial Review Procedures
▸Transaction Oversight Framework

Operational Excellence

▸Supplier Verification
▸Contract Management
▸Logistics Coordination
▸Banking & Payment Oversight